Pradhan Mantri Jeevan Jyoti Bima Yojana is a Government-backed Life insurance scheme in India and its also known as Prime Minister Jeevan Jyoti Insurance Scheme. Pradhan Mantri Jeevan Jyoti Bima Yojana was originally mentioned in the year 2015 Budget speech by the then-Finance Minister, late Arun Jaitley in February 2015. Pradhan Mantri Jeevan Jyoti Bima Yojana was formally launched by Prime Minister Narendra Modi on 9 May in Kolkata. As of May 2015 data only 20 percent of Indians has any kind of insurance though this scheme objective to increase the number.
How To Apply:
- Click the official link.
- Update nominee details.
- Check information filled on preview page.
Apply through NetBanking:
- Log in to NetBanking and Click on the Insurance tab.
- Select Social Security Schemes.
- Select Pradhan Mantri Jeevan Jyoti Bima Yojana.
- Select the Account through which you wish to pay your premium.
- Submit the application form with correct details.
Official Website: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2022
Apply Online: Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2022
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) 2022 – Notication, Registration Form, Apply Online
People between 18 and 50 years of age with bank accounts are eligible for Pradhan Mantri Jeevan Jyoti Bima Yojana and a person over age 50 cannot register to this scheme. Person who wants to apply for this scheme, it is mandatory to link your Aadhaar Card to the participatory bank account and GST is not applied on Pradhan Mantri Jeevan Jyoti Bima Yojana. The annual premium of the Pradhan Mantri Jeevan Jyoti Bima Yojana is ₹436 and there is no need for a person to submit health report or certificate.
Eligibility:
- The minimum age of applicant is 18 years or maximum 50 years.
- Applicant should have Savings Bank Account holder with sufficient funds.
- Any type of maturity benefit or surrender benefit is not available with this policy.
- Get life cover for one year, renewable from every year.
Pradhan Mantri Jeevan Jyoti Bima Yojana scheme will be linked also to the bank accounts opened under the Pradhan Mantri Jan Dhan Yojana scheme. Most of these account had zero balance initially. The main objective of the government is to reduce the number of such zero balance accounts. In case of death due to any cause the nominee will be receive payment of ₹2 lakh.
Now all banks are provide net-banking service facility to account holders to filling a form at the bank branch at any time of the year. If you want to apply form or want to get more update about this Bima Yojana, you have to check out its official portal